German firms eye investment in Hanoi

Members of the German Asia-Pacific Business Association (OAV) want to explore cooperation opportunities in urban development, infrastructure facility, means of transportation, energy, environment and human resource in Hanoi.

Nguyen Duc Chung Chairman of the municipal People’s Committee (R) and Timo Prekop, member of the OAV Board (Source: VNA)

Nguyen Duc Chung Chairman of the municipal People’s Committee (R) and Timo Prekop, member of the OAV Board (Source: VNA)

Timo Prekop, member of the OAV Board, informed Nguyen Duc Chung Chairman of the municipal People’s Committee of the businesses’ intention at a meeting in Hanoi on November 29.

He said German businesses in general and OAV members in particular hope to receive assistance from the city authorities in seeking opportunities in Vietnam. 

Welcoming the delegation, Chung said Hanoi is working on some priorities  such as upgrading the supply of clean water to meet European standards, planting one million trees, developing an environment monitoring system, and improving local health care facilities and services.

The city wants to apply European technologies in those fields, and a number of German advanced technologies have been applied in health care, landscaping, and wastewater treatment, he said.

He called on foreign and domestic firms to invest in waste-to-energy sector, build public toilets, and clean lakes and ponds in the city.

Underlining the fruitful cooperation of the two sides, Chung affirmed that in the coming time, the city will focus on sharing experience, transferring technology and luring investment from European firms, particularly German ones.

Hanoi will facilitate bilateral cooperation with Germany, thus contributing to promoting the Vietnam – German relationship, Chung pledged.

VNS

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